|Last Price ||Avg Target Price || Upside/Downside ||Price Call |
|0.51 ||0.60 || +0.09 (17.65%) || |
|* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.|
|** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).|
|Date ||Open Price ||Target Price ||Upside/Downside ||Price Call ||Source ||News |
| No Price Target available for this stock. |
calvintaneng EXTRA GOOD NEWS!
In Star Online News Today.
The Building of Greater KL MRT has caused Land prices in Kajang to rise from RM7 psf to RM17 psf. And Condo prices in Kajang are now launched at RM400 to RM500 psf!
The High Speed Bullet Train Stop In Batu Pahat Will Enhance the Value of BJ Corp Lands in Simpan Kanan, Batu Pahat.
These Are The Facts About BJ Corp Lands in Batu Pahat
See BJ Corp Annual Report 2013
127.29 acres of mixed development lands
169.88 development lands
Both bought in year 1997 for a total price of RM27,736,000
Now to get per acre price
Divide RM27,736,000 by 297.17 (127.29 + 169.88)
= RM93,333.78 per acre.
To Get Per Sq Ft Price. Now Divide RM93,333.78 by 43,500
= RM2.14 Per Sq Ft.
These Prime Lands Are Located in The Most Populated Area of Batu Pahat in the Mukim of Simpang Kanan
According to census Batu Pahat has a population of 300,000 & Simpang Kanan has a population of 250,000. That means that 83% of the People Are Concentrated in BJ Corp's Very Prime Lands.
Now What is the Current Value of These Lands? Book Value (1997 - 17 years ago) was RM2.14
Well, very rare. So far no listing for sale can be found yet. Batu Pahat people must be very rich and held their lands tightly. Only agricultural lands further away are listed for sale. The price of agricultural land is around RM13 psf.
RM13 per sq ft for agricultural land far from Batu Pahat City?
Ha! BJ Corp's Prime Mixed Development Lands Still at RM2.14?
Let me ask you 2 questions?
1) What is the Actual Current Value of BJ Corp's Lands in Simpang Kanan today?
2) What will be its Future Potential Value when High Speed Bullet Train Stop Is Built Here?
Can anyone from Batu Pahat provide the answers?
Thank you very much.
Calvin Tan Singapore
berry lots of plantation counters hold arces of land in Johor, not only BJCorp, eg.Keck Seng. I also have a list of land owners of Iskandar zone. Huge landbank owned by Keck Seng & Daiman are undervalued all the time. If they are brought to current value, Keck Seng should be RM12.00-15.00 apiece & Daiman should be RM5.00-6.00 apiece.
berry BUT THAT DID NOT HAPPEN. MAYBE 5-10 YEARS DOWN THE ROAD. SUNWAY, TROPICANA ALSO HAVE GOOD LANDBANK IN JOHOR. STUDY THEIR SHARE PRICES.
berry In share market, we, small-time investors don't want to be carried away by a company's stories, dramas or its fuzzy ambitions & dreams. we just want to boil down to one hard fact: make money. IF THE COMPANY IS VERY PRACTICAL, ROLLING IN HARD CASH AND STICK TO THE CORE BUSINESS-PROFIT FROM OPERATION IS THE PRIMARY SOURCE, NOT PROFIT FROM ONE TIME SELLING ASSETS OR INVESTMENT. I THINK MOST OF US WILL BELIEVE IN DOWN-TO-EARTH PRACTICAL BUSINESS.
berry Iskandar zone and landbank in Johor area is already an old story. Seminars I attended last year never missed this theme. Even the property group purchase also promote heavily but every thing needs time to brew. Think about the time when it is difficult to find buyers, you will have to pay and pay [banks, gorvernment, developer] for years.
calvintaneng Very Berry Good!
So swift reply! Good! Good Indeed! I am happy to differentiate the lands owned by BJ Corp & others.
These are the type of lands
1) Waste land -
Lands of little value. I once journeyed in Nevada Desert to visit USA's Factory Outlets. We passed through parched arid deserts. Tourist guide told us these lands are sold for US$500 an acre without any takers.
2) Jungle/Forest Lands
Better Value if there are trees for logging. If not they also sell cheaply. Without roads, electricity & was they are incessible & have little value.
3) Agricultural Lands
Oil Palm Lands range from RM20,000 to RM100,000 depending on their location. The nearer to development & people the better.
4) Residential Lands
Again depending on its location. Lands in Big Cities always command premium over ones in the kampung.
5) Industrial Lands
Higher Value Due To Money Generating Manufactures
6) Commercial Lands
These Command The Highest Values! Buying, selling & trading make the Most Money. Centers of Commerce Are Rich - Examples are Shanghai, Hong Kong, Singapore & K.Lumpur.
Did you notice that KSeng (Lands in Kongkong) Daiman (Kota Tinggi) are most mostly agricultural far from cities?
And did you notice that BJ Corp's Lands are under DEVELOPMENT & MIXED DEVELPOMENT LANDS? And Lands in Batu Pahat IS MORE EXPENSIVE THAN THOSE IN JOHOR. Just call up any Real Estate Agent in Batu Pahat & you will know. BATU PAHAT HAS ONE OF THE MOST EXPENSIVE LANDS IN THE STATE OF JOHOR. Calvin also very puzzled? What is it so?
For BJ Corp their Assets are The Very Best
MOSTLY COMMERCIAL LANDS IN PRIME LOCATIONS!
berry Sunway, Tropican etc all have mixed development landbank.
berry So, nothing to shout about BJCorp.
Sunway was 33 cents in year 2006. Now RM3.00. Up 909% or A Gain of 113% Yearly For Past 8 Years. Not bad at all. Berry Good Indeed!
Once called Dijacor. My remisier called it "Di Jatuh!"
Ha! They changed name to Tropicana now. Was 69 cents in 2006. Now RM1.38. Up 100%.
Both OK mah.
So BJ Corp if follow their example should at least go up by 100% to 909%!
WOW! NO WONDER WARREN BUFFET SAYS,"I KNOW I AM RICH"!
Not "Think", "Hope" Or "Dream" so lor. But KNOW SO MAH!
YES! KNOWING THIS AS CERTAINTY - HE TAP DANCE TO WORK!
ljmeng walao....wat calvin say really attractive.....tomorrow i should tot up my bjcorp kaw kaw!